Hi Mr. Sood,
Does a stock become a value trap, just because its price doesnt move too much? By that definition, a HUL was a value trap in the decade from 2000-2010. Similarly, a VST was a value trap all this while, until it decided to significantly jack up its dividend.
I dont think any investor in Balmer Lawrie wont be overly disappointed with the company. he must be getting higher and higher dividend year after year for at least 5 years now. The company has grown quite significantly in the meantime. The company is debt free, and is sitting on decent amount of cash and is managing its operations quite, except for the instance of fraud at Transafe Services Pvt. Limited.
And I can tell you one thing that even the new CMD is quite determined to carry out his job very well, just like the previous CMD. I have been attending the AGM of Balmer Lawrie now for at least 4 years now, and going by my experience, I think the company is quite capable to scaling new peaks. Whether that translates into stock prices, is a different matter altogether, but the dividend stream doesnt look jeopardised at this point of time.